Insurance, accounting, social security, pension plans, private wealth management, investment portfolios, offshore financial services, corporate financing, and ATM machines.

These topics and more were discussed during Global Money Week 2023 in the Virgin Islands.

Private financial institutions like banks and insurance agencies welcomed students from various schools, teaching them about the importance of financial literacy during a week of activities facilitated by the Financial Services Commission’s Money Matters BVI programme.

Between March 20 and Sunday, the programme participated in an international financial awareness campaign under this year’s slogan, “Plan Your Money, Plant Your Future.”

According to organisers of Global Money Week, which is organised by the Organisation of Economic Co-operation and Development, more than 16,000 organisations in 176 countries have taken part in the annual event since 2012.

This year was the 11th year of the awareness campaign.

School visits

Here in the VI, students from the Pelican Gate School visited Republic Bank Limited on March 20 to learn about the role of the territory’s financial institutions.

Elmore Stoutt High School students toured PMI and Ogier, and they learned about anti-money-laundering requirements the same day.

Throughout the rest of the week, students from Cedar International School, the Enis Adams Primary School, the Seventh-day Adventist School, the Bregado Flax Educational Centre, the Joyce Samuel Primary School, and more took part in Global Money Week activities.

They were hosted by Creque’s Insurance Agency Limited, the VI Social Security Board, the Treasury Department, FirstBank VI, Banco Popular and others.